Yantai CIMC Raffles Shipyard

Yantai CIMC Raffles Shipyard (Chinese: Yan Tai Lai Fu Shi Chuan Han ) is a shipbuilding company in Yantai, Shandong Province, Peoples Republic of China. The shipyard is one of three operated by CIMC Raffles Offshore Ltd.

Yantai Raffles specializes in offshore and marine fabrication, and shares in the company have been traded on the Oslo OTC system in Norway since May 2006.

In 1994, Singaporean of South African descent Brian Chang founded Yantai Raffles at the junction of Bohai Bay and the Yellow Sea.[1] The shipyard is in close proximity to Korea and Japan, an area that accounts for 80% of the global shipbuilding capacity. YRS is the only shipyard in China to be majority foreign-owned. It has agreed to acquire 100% of the Sanlian Longkou shipyard in Shandong, China.[2]

The company since March 2013 is now a wholly own subsidiary of CIMC.